Binance to Delist LTC/BUSD and DOGE/BUSD Perpetual Contracts

Fibo Quantum

Binance Futures has announced its decision to delist the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts. Here are the primary details:

Automatic Settlement and Delisting

All positions on the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts will undergo an automatic settlement on 2023-08-24 at 09:00 (UTC). Following this settlement, the contracts will be officially delisted from the platform.

Adjustments to Leverage & Margin Tiers

Prior to the delisting, Binance Futures will make adjustments to the leverage and margin tiers of these contracts on 2023-08-17 at 12:30 (UTC). It’s crucial for users to note that positions opened before this update will be affected. To avoid potential liquidation, users are strongly advised to adjust their positions and leverage settings accordingly.

Key Recommendations

Users are urged to close any open positions related to these contracts before the specified delisting time to sidestep automatic settlement.

From 2023-08-24 at 08:30 (UTC) onwards, users will not have the option to open new positions for the aforementioned contracts.

Protective Measures: Binance Futures has highlighted that, in the interest of user protection and to counteract potential risks in volatile market conditions, it might introduce additional protective measures for these contracts without further notice. Such measures could encompass adjustments to various parameters like leverage values, position values, and maintenance margins.

For those seeking more comprehensive details, Binance has provided resources on its platform, including specifics on the delisting of futures contracts, trading rules, and other related topics.

Recent Delistings:

On August 15, 2023, Binance announced its decision to delist SNM, SRM, and YFII effective from August 22, 2023.

On August 16, 2023, Binance Margin communicated its intention to delist the EPX/BUSD, GAL/BUSD, GMX/BUSD, HIVE/BUSD, KLAY/BUSD, RAD/BUSD, and TVK/BUSD cross margin and isolated margin pairs. This change will take effect on 2023-08-24 at 06:00 (UTC).

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